Zip Code: 95134 (San Jose, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted (Zillow)
Updated on March 2, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily in the 95134 Zip Code (San Jose, California) in January 2026 was $3,386.825. The month over month percentage change (MoM) was 0.08%, and the year over year percentage change (YoY) was 6.24%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for the 95134 zip code (San Jose, California). The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for the 95134 zip code (San Jose, California).

You can see similar information for other California zip codes.

Note: Zillow Observed Rent Index (ZORI) is a smoothed measure of the typical observed market rate rent across a given region. ZORI is a repeat-rent index that is weighted to the rental housing stock to ensure representativeness across the entire market, not just homes currently listed for-rent.

Data Source: Zillow.
Zip Code: 95134 (San Jose, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Zip Code: 95134 (San Jose, California) - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
Items per page:
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Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 0 NaN NaN
Feb 2015 0 NaN NaN
Mar 2015 0 NaN NaN
Apr 2015 0 NaN NaN
May 2015 0 NaN NaN
Jun 2015 0 NaN NaN
Jul 2015 0 NaN NaN
Aug 2015 0 NaN NaN
Sep 2015 0 NaN NaN
Oct 2015 0 NaN NaN
Nov 2015 0 NaN NaN
Dec 2015 0 NaN NaN
Jan 2016 0 NaN NaN
Feb 2016 0 NaN NaN
Mar 2016 0 NaN NaN
Apr 2016 0 NaN NaN
May 2016 0 NaN NaN
Jun 2016 0 NaN NaN
Jul 2016 0 NaN NaN
Aug 2016 0 NaN NaN
Sep 2016 0 NaN NaN
Oct 2016 0 NaN NaN
Nov 2016 0 NaN NaN
Dec 2016 0 NaN NaN
Jan 2017 0 NaN NaN
Feb 2017 0 NaN NaN
Mar 2017 0 NaN NaN
Apr 2017 0 NaN NaN
May 2017 0 NaN NaN
Jun 2017 0 NaN NaN
Jul 2017 0 NaN NaN
Aug 2017 0 NaN NaN
Sep 2017 0 NaN NaN
Oct 2017 0 NaN NaN
Nov 2017 0 NaN NaN
Dec 2017 0 NaN NaN
Jan 2018 0 NaN NaN
Feb 2018 2683.561778398016 Infinity Infinity
Mar 2018 2695.669241594178 0.45 Infinity
Apr 2018 2706.31295704972 0.40 Infinity
May 2018 2726.4491373569003 0.74 Infinity
Jun 2018 2749.5280200923244 0.85 Infinity
Jul 2018 2776.3369251954587 0.98 Infinity
Aug 2018 2796.854447888573 0.74 Infinity
Sep 2018 2797.400241747482 0.02 Infinity
Oct 2018 2795.558286534496 -0.07 Infinity
Nov 2018 2778.37558050583 -0.61 Infinity
Dec 2018 2774.9008754993392 -0.12 Infinity
Jan 2019 2772.7460836312484 -0.08 Infinity
Feb 2019 2785.942776978819 0.48 3.82
Mar 2019 2799.7549105475555 0.50 3.86
Apr 2019 2812.5027512868496 0.46 3.92
May 2019 2798.5187056319055 -0.50 2.64
Jun 2019 2798.6961858469067 0.01 1.79
Jul 2019 2798.4244437362518 -0.01 0.80
Aug 2019 2802.497344035512 0.15 0.20
Sep 2019 2810.410450964674 0.28 0.47
Oct 2019 2815.0013264006902 0.16 0.70
Nov 2019 2826.965892785422 0.43 1.75
Dec 2019 2838.528720223223 0.41 2.29
Jan 2020 2847.8067338078135 0.33 2.71
Feb 2020 2856.446288018557 0.30 2.53
Mar 2020 2859.661037892189 0.11 2.14
Apr 2020 2830.4735078235753 -1.02 0.64
May 2020 2781.256598740249 -1.74 -0.62
Jun 2020 2718.5124433604765 -2.26 -2.86
Jul 2020 2670.8380586712665 -1.75 -4.56
Aug 2020 2626.1775154787797 -1.67 -6.29
Sep 2020 2589.0378608298747 -1.41 -7.88
Oct 2020 2566.1363511456343 -0.88 -8.84
Nov 2020 2555.677074948437 -0.41 -9.60
Dec 2020 2551.525924008411 -0.16 -10.11
Jan 2021 2554.0946024385216 0.10 -10.31
Feb 2021 2547.662787836002 -0.25 -10.81
Mar 2021 2553.0687380989634 0.21 -10.72
Apr 2021 2564.584714875108 0.45 -9.39
May 2021 2579.4382338823393 0.58 -7.26
Jun 2021 2593.015279773486 0.53 -4.62
Jul 2021 2631.2149709807913 1.47 -1.48
Aug 2021 2691.1008848182914 2.28 2.47
Sep 2021 2761.442023122725 2.61 6.66
Oct 2021 2801.615985603732 1.46 9.18
Nov 2021 2830.006842788167 1.01 10.73
Dec 2021 2847.756190476456 0.63 11.61
Jan 2022 2856.127402947102 0.29 11.83
Feb 2022 2862.9788199795235 0.24 12.38
Mar 2022 2866.826223534157 0.13 12.29
Apr 2022 2905.341367949783 1.34 13.29
May 2022 2961.5474057758875 1.94 14.81
Jun 2022 3031.5118929875484 2.36 16.91
Jul 2022 3062.8019980612903 1.03 16.40
Aug 2022 3077.2612605190457 0.47 14.35
Sep 2022 3074.588844751986 -0.09 11.34
Oct 2022 3079.3279425573246 0.15 9.91
Nov 2022 3065.5384134528335 -0.45 8.32
Dec 2022 3057.457241498454 -0.26 7.36
Jan 2023 3049.2608758503247 -0.27 6.76
Feb 2023 3052.1292561073756 0.09 6.61
Mar 2023 3058.062430214372 0.19 6.67
Apr 2023 3057.664706764741 -0.01 5.24
May 2023 3057.936260782588 0.01 3.26
Jun 2023 3044.4796553364085 -0.44 0.43
Jul 2023 3032.126416721788 -0.41 -1.00
Aug 2023 3013.7867791881677 -0.60 -2.06
Sep 2023 2993.8457804679915 -0.66 -2.63
Oct 2023 2991.205298518329 -0.09 -2.86
Nov 2023 3000.047399351669 0.30 -2.14
Dec 2023 3029.6630310679575 0.99 -0.91
Jan 2024 3067.3905813228253 1.25 0.60
Feb 2024 3094.169432096708 0.87 1.38
Mar 2024 3103.2461849244755 0.29 1.48
Apr 2024 3109.4152338751246 0.20 1.69
May 2024 3101.349984984454 -0.26 1.42
Jun 2024 3104.3786470791647 0.10 1.97
Jul 2024 3114.971922956717 0.34 2.73
Aug 2024 3142.288335830994 0.88 4.26
Sep 2024 3166.138103999208 0.76 5.76
Oct 2024 3172.8903816930215 0.21 6.07
Nov 2024 3173.921836741449 0.03 5.80
Dec 2024 3170.8618424188335 -0.10 4.66
Jan 2025 3187.8833887380756 0.54 3.93
Feb 2025 3189.858760319947 0.06 3.09
Mar 2025 3205.0786987032648 0.48 3.28
Apr 2025 3218.782970349417 0.43 3.52
May 2025 3240.213492275938 0.67 4.48
Jun 2025 3257.85376226814 0.54 4.94
Jul 2025 3277.1132420202803 0.59 5.21
Aug 2025 3289.6265474763404 0.38 4.69
Sep 2025 3309.552286586312 0.61 4.53
Oct 2025 3334.33267674407 0.75 5.09
Nov 2025 3362.7380350679014 0.85 5.95
Dec 2025 3384.033832341412 0.63 6.72
Jan 2026 3386.82501415441 0.08 6.24